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Save Money On Business Expenses

By Edited Oct 8, 2015 1 1

Business expenses


We all try to save on our home expenses but here are ways to save money on Businessexpenses. There are lots of expenses which are nondeductible which are related to our job which may cost us lots of money. Read on for some good tips on saving money on these business expenses.

Your car may be one of your highest expenses related to your job. The maintenance and care of your car, and the gas you put in it as well as the wear and tear is a huge expense on your budget. Commuting to work or sharing a ride even if it is occasionally can take some of the strain off of your car especially if you travel some distance to your job.

 Those lunches that you order out and going out to lunch with your co-workers can add up to some bucks at the end of the month. The best way to handle this is to budget it. Consider how much you will allow yourself in a month for eating out and then when that dollar figure runs out, don't eat out anymore. It takes discipline to do this. Bringing your lunch and snacks from home most of the time will save you a bundle.

If you work in a business that does not provide the uniform or clothing, then you will have to purchase your own. Whether it is a business casual or a casual dress code, there are ways to find business attire at reasonable prices. You can shop for business attire in outlets or on clearance racks. You can even buy a season ahead of time on clearance racks. If you don't mind used clothing, you can even check out thrift stores.

Saving on Business Expenses

There are some employers that offer their employees discounts on wireless phones. This is a discount on your personal cell phone and it is given at a group rate. This can save you some extra money although it's not a job related expense, but more of a benefit of the job. Enrolling in a flexible spending plan with your employer can also save you tax money as the money that is deducted from your paycheck for this medical spending credit card will not be taxed. This is another way of maybe counteracting some of the expenses that may not be deductible and put some money back in your own pocket. Some employers offer discounted car insurance in some states. This is discounted for those who have near perfect driving records though.

 When buying business expenses such as brief cases, planner pads etc, you might want to try wholesale chains to save some money. You may have to stock up a bit on some items but you will save money in the long run.

 Saving money on business expenses takes a well thought strategy of balancing what things will work for your own unique situation.

 

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Comments

Feb 21, 2010 8:57pm
godfather25
Wonderful article on saving money on business expenses.
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